Industry
Economy Environment Industry

Tinubu appoints Infracorps as EverGreen City’s lead developer

From Our Correspondent President Bola Ahmed Tinubu has approved the appointment of the Infrastructure Corporation of Nigeria (InfraCorp) as the Lead Developer of Evergreen City, Nigeria’s green industrial zone. TheNewsZenith reports that the appointment is in line with the President’s commitment to ensure industrial development in the country. In approving the appointments, the President outlined […]

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Foreign News Industry

Robot attacks Tesla factory engineer

A malfunctioning robot has attacked a Tesla software engineer, who suffered serious injuries on the floor of the electric car maker’s factory in Austin, Texas. Witnesses told the Information, a news site that the robot pinned the engineer and sank its metal claws into his back and arm. Tesla engineers design the robot to move aluminium […]

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General Industry

Nnaji reaffirms Nigerian’s commitment to industrialisation agenda

By Our Correspondent Minister of Innovation, Science and Technology, Uche Nnaji, has reaffirmed the Federal Government’s commitment to support Nigeria’s industrialisation agenda through demand-driven research and development. Nnaji gave the assurance at the eighth edition of the Nigeria Manufacturing and Equipment Expo (NME-Expo) and the Ninth Edition of the Nigerian Raw Materials Expo (NIRAM-Expo), on […]

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General Industry

NASENI signs $2bn MoUs with Chinese firms

From Our Correspondent National Agency for Science and Engineering Infrastructure (NASENI) and three Chinese partners have signed Memorandums of Understanding (MoUs) for new projects valued at $2 billion. Mr Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Office of the Vice President, announced this in a statement on Thursday in Abuja. […]

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Foreign News Industry

India’s industrial production grows 5.7%in July

India’s factory activity, determined by the Index of Industrial Production (IIP), grew 5.7 per cent in July, the government data showed on Tuesday. For the month, the quick estimates of IIP with the 2011-12 fiscal year’s base stand at 142. In July, the indices of industrial production for mining, manufacturing and electricity sectors stood at […]

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Business Economy Industry

FTZs challenges: Presidential aide seeks appropriate policy implementation

From Our Correspondent in Abuja A Presidential aide has challenged trade and industry stakeholders to initiate the right policies and proper implementation of the existing laws to address challenges affecting operation of free trade zones (FTZs) in Nigeria. Special Adviser to the President on Industry, Trade and Investment, John Uwajumogu, stated this at a stakeholders […]

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Economy General Industry

Osinbajo to inaugurate Kogi fashion facility

The Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo will on May 22, inaugurate the state-of-the-art fashion industry in Kogi State. The facility, under the National MSME Clinics Shared Facility Scheme, is reputed to be the largest fashion industry in the North-Central Region. Yemi Balogun, Information Officer of Kogi Enterprise Development Agency […]

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Economy Industry

NEPZA to ensure $22bn SEZ investments in Delta

By Our Correspondent in Abuja The Nigeria Export Processing Zones Authority (NEPZA) says it will attract $20 billion in free zone investment in Delta State.   The Managing Director of NEPZA, Prof. Adesoji Adesugba made the pledge at the license presentation of the Delta Special Economic Zone (DSEZ) to the state government, on Wednesday, in […]

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Economy Industry

Dangote, Sinoma sign agreement on new cement plant

Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a cement plant in Itori, Ogun State. The plant will capacity to produce six million tons of cement per annum. Aliko Dangote alongside the Group Executive Director, Strategy, Capital Projects & Portfolio Development, DIL, Devakumar Edwin and China Sinoma Engineering, represented by […]

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Economy Industry National

FG sets aside N3.25bn for 3 industrial parks

The Federal Government has earmarked N3.25 billion for the first phase of three industrial parks being planned across the country. Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Prof. Mohammad Haruna, announced this when he visited the Commandant of the Nigerian Air Force Institute of Technology (NAFIT) in Kaduna on […]

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